Here's the youngest one in the history of billionaires. As per a Forbes list released on Tuesday, Kylie Jenner has gone on to become the youngest self-made billionaire ever, with a networth of estimated $1 billion. She took away the title from Facebook Ceo Mark Zuckerberg who became a billionaire at the age of 23. It has taken Kylie around four years to take her fortune to this mammoth stature. Last year in August, she had featured on Forbes' annual ranking of the 60 richest self-made women (with Kylie's estimated $900 million assets). How, you ask?
It's her brand Kylie Cosmetics that gave a massive boost to her opulence. Three since it launched, the brand sold its product on the internet and occasional pop-up shops until, in August 2018, Kylie signed an exclusive distribution deal with Ulta. As part of the deal, all Ulta Beauty Locations, as well as the online store, would be selling her products. Over the next six weeks, products worth $54.5 million were sold in Ulta stores. The same year, Kylie Cosmetics saw an upward growth of 9% in its revenue, reports Forbes.
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"I didn't expect anything. I did not foresee the future. But [the recognition] feels really good. That's a nice pat on the back," says the entrepreneur and a very young mother who also rakes in good money from the official Kylie Jenner shop that sells exclusive merchandise items. Kylie also had a paid app of herself, although one can't find it at the app store right now. She has also collaborated with sister Kendall Jenner for a clothing lineup that they call Kylie+Kendall. Not many would know that the two sisters also co-authored a two-book series ( Rebels: City of Indra: The Story of Lex and Livia and Time of the Twins).
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Do not forget Life Of Kylie, an American TV reality series starring the internet sensation. She also appears on the TV show Keeping Up With The Kardashians. Last year in August, she announced her collaboration with Adidas as a brand ambassador. Other leading brands she has deals with include TopShop, Quay Australia and Forever 21.
A long way ahead!
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